Government Releases New GST Return Forms NORMAL (RET-1), SAHAJ (RET-2) & SUGAM (RET-3)

New GST Return Forms

The new GST return forms for the payment of Goods and Services Tax (GST) have been released by the Indian Government. Businesses will have to file these forms from the next financial year.

There is an option of filing one of the three quarterly returns forms-Sahaj (RET-1), Sugam (RET-2) and Normal (RET-3) for the businesses with an annual turnover up to INR 5 Crore.

According to a decision from the GST Council, these new GST return forms will be implemented … Read More

Cabinet Approval on Renew of MoU Between ICAI & ICAEW

MoU Between ICAI & ICAEW

Prime minister Narendra Modi Headed the Union Cabinet on Thursday, 7th March where the decision to approve both the following was taken:

Ex-post facto of the Memorandum of Understanding (MOU) signed in 2008 and renewed in 2014 between the Institute of Chartered Accountants of India (ICAI) and Institute of Chartered Accountants in England & Wales (ICAEW). The Renewal of the Memorandum of Understanding between the Institute of Chartered Accountants of India (ICAI) & The Institute of Chartered Accountants in England… Read More

1 Lakh GST Accountants To Be Trained By Institute of Cost Accountants of India

GST Accountants

The Institute of Cost Accountants of India (ICAI) is planning to train nearly 1 lakh students for the newly implemented Goods and Service Tax (GST). The fee of the GST course will be borne by the Centre and students don’t have to pay a single amount of money.

“We are in discussions with Government and modalities are being worked out,” said Amit Anand Apte, President, Institute of Cost Accountants of India (ICMAI). He further added that “Most of the SMEs … Read More

An Insurance Scheme For CAs And Their Spouses After The Blend Of ICAI And LIC

ICAI Insuarnce Scheme for Chartered Accountant

ICAI (Institute of Chartered Accountants of India) and LIC have come forth together with a specialised group life-insurances scheme, specially designed for Chartered Accountants and their spouses, ages between 18 to 64 years, while members should age between 21 to 64 years, under the Committee for Capacity Building of Members in ICAI.

This scheme comes with a validity of one year, and an annual premium is to be paid when the official website of ICAI confirms the sum of rupees … Read More

ICAI Seeks for MoU Signing For Foreign Investment Purpose

ICAI (Institute of Chartered Accountant of India)

ICAI (Institute of Chartered Accountants of India) recently knocked the doors of Ministry of Commerce and Industry in order to make it sign the MoU with the INVEST INDIA.

The agenda is to streamline the chartered accountant’s services and services of the firms to be eligible and open for any foreign investors.

INVEST INDIA, a national investment promotion and facilitation agency is a medium from where the ICAI would require MC&I (Ministry of Commerce and Industry) to sign a MoU.… Read More

Everything You Need to Know About Becoming A Chartered Accountant

Chartered Accountant Profession

If you are concerned about respect, excellent financial rewards, prestige, and great prospects, CA is a perfect profession to start with.

Chartered Accountants are the people to create a difference and wherever they work, they create something relevant and different as well. They are talented, ambitious, and in demand.

Working hard to become a chartered accountant will make you different and becoming Chartered will make a unique way for business training and traditional accountancy. The qualification of CA is globally … Read More